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European shares rise slightly ahead of ECB meeting, earnings
Reuters said the STOXX 600 was up 0.11% on Thursday morning as investors awaited an ECB policy decision widely expected to leave rates at 2.5%, with Shell and Airbus among stocks moving on results.
European stocks were slightly higher on Thursday morning as traders waited for a European Central Bank policy decision, Reuters reported, citing the STOXX 600 up 0.11% at 644.80 as of 0806 GMT1.
The wire said markets widely expected the ECB to hold interest rates at 2.5%, with attention on President Christine Lagarde's comments on France's bond-market strain and on her own tenure1.
Reuters said Shell reported third-quarter net profit of $10.81 billion, its highest since 2022, and increased buybacks, with the shares up 2.6%; the energy group of stocks was up 1% and the FTSE 100 was up 0.3%1. Airbus shares were up 3.2% after the company kept full-year forecasts and production plans, the report said1.
Technology stocks were down 0.7%, Reuters said, after Alphabet's results, with that company's shares down 10.8% in U.S. premarket trade following a revenue miss and higher cash use for AI infrastructure1.